Testing the Informational Efficiency on the Romanian Financial Market

Testing the Informational Efficiency on the Romanian Financial Market

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The classical models of portfolio selection could not be applied on a market were the efficient market hypothesis is not valid (at least in a “weak” sense). The aim of this paper is to enlighten the difficulties of portfolio construction in a financial market with institutional and structural defici...

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Bibliographic Details
Main Authors: Aurora Murgea, Marilen Pirtea, Bogdan Dima
Format: Article
Language:English
Published: General Association of Economists from Romania 2006-03-01
Series:Theoretical and Applied Economics
Subjects:
non-efficient financial market
portfolio selection
risk
incertitude
Online Access:http://www.ectap.ro/articole/16.pdf

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